Connected Motorcycle Market Size (2024 - 2029)

Connected Motorcycle Market Analysis

The Connected Motorcycle Market size is estimated at USD 0.41 billion in 2024, and is expected to reach USD 2.78 billion by 2029, growing at a CAGR of 46.91% during the forecast period (2024-2029).

The COVID-19 pandemic hindered the growth of the connected motorcycles market due to shutdowns of manufacturing units and travel restrictions. In addition, virtually with no activity in tourism, the aftermarket segment of the connected motorcycle market witnessed a slowdown. However, post-pandemic, with the easing of restrictions, demand started restoring in 2021.

Factors like technology advancements, advancements in vehicle safety, the introduction of driver-assist systems in motorcycles, and rapidly growing logistics in the retail and e-commerce sectors have been significantly driving the connected motorcycle market. In addition, increased smartphone utilization and internet penetration may further enhance the market's growth during the forecast period. However, a lack of proper connectivity infrastructure and increasing cyber threats like data hacking are anticipated to restrain the market's growth.

The increasing internet penetration and improvements in internet connectivity and 5G to support vehicle-to-vehicle and vehicle-to-infrastructure connectivity and the increased demand for features like driving assistance systems, real-time safety, navigation, and GPS monitoring are driving the market.

Asia-Pacific is expected to hold a significant share in the market, followed by Europe and North America, during the forecast period. The demand for electric motorcycles and individual mobility for adventure trips, etc., is increasing. The presence of global players like Yamaha, Suzuki, and Honda and increasing awareness about the benefits of connected motorcycles will positively impact the regional market.

Connected Motorcycle Industry Segmentation

A connected motorcycle is a new technology where motorcycles are equipped with IoT devices, enabling seamless internet connectivity in motorcycles and data sharing. The connectivity system monitors and controls safety, comfort, and security functions, such as advanced light and heat management, keyless starting of the bike, and tire pressure monitoring, and helps one attend emergency calls.

The connected motorcycles market report covers the latest trends, COVID-19 impact, and technological developments. The scope of the report covers segmentation by service type, end-user, and geography. By service type, the market is segmented into driver assistance, infotainment, and safety. By end user, the market is segmented into private and commercial.

By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. For each segment, the market sizing and forecast have been done based on value (in USD million).